ESG GLOBAL IMPACT CAPITAL INC.
1000 – 925 West Georgia Street
For Immediate Release
ESG GLOBAL IMPACT CAPITAL INC. ANNOUNCES OWNERSHIP OF THE COMMON SHARES OF KING GLOBAL VENTURES INC.
VANCOUVER, BC, CANADA (May 29, 2020) – ESG Global Impact Capital Inc. (“ESG”) (TSXV: ESGW, OTCQB:BKPPF, Frankfurt: ES3) announces that on May 19, 2020 it acquired ownership of 6,000,000 units (the “Units”) of King Global Ventures Inc. (“King”) at a price of $0.015 per Unit pursuant to a non-brokered private placement (the “Private Placement”). Each Unit consists of one common share (the “Shares”) and one transferable common share purchase warrant (the “Warrants”) exercisable into Shares of King at a price of $0.05 per Share until May 19, 2022.
Prior to the closing of the Private Placement, ESG held 3,619,000 shares of King, or 5.31% prior to the Private Placement.
As a result of the closing of the Private Placement, ESG holds, on a non-diluted basis, a total of 9,619,000 Shares representing 8.90% of King’s issued and outstanding Shares and, on a diluted basis, ESG would hold a total of 15,619,000 Shares, representing approximately 14.46% of King’s issued and outstanding Shares, should all of its Warrants be exercised.
The Shares were acquired by ESG for investment purposes. ESG may increase or decrease its ownership of securities of King as the circumstances or market conditions warrant.
To obtain a copy of the early warning report filed by ESG, please contact David Berg, Interim Chief Executive Officer and Director at 760-989-2202 or firstname.lastname@example.org or refer to King’s SEDAR profile at www.sedar.com.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include costs affecting profitability, availability of capital and financing on acceptable terms, general economic, market or business conditions, including the general risks associated with regulatory changes, availability of personnel, on a timely basis, accidents, and uninsured risks,. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law